The federal and state governments will spend a whopping N21.7 trillion in 2021, with the former accounting for N13.58 trillion or 62 percent of the total sum and the latter N8.15 trillion, according to data aggregation by Dateline Nigeria.
A government budget is a prepared document containing anticipated revenues and proposed spending/expenditure (on salaries and projects) for a fiscal year.
As at the time of writing this story, the federal and state governments have all presented their budgets and most have signed them into law after approval by their respective assemblies.
President Muhammadu Buhari is also set to sign the N13.58 trillion 2021 Appropriation Bill into law any moment from now.
The approved FG budget by the National Assembly comprises total Capital Supplementation of N1,060,751,051,650 and total Capital Expenditure of N4,125,149,354,222, Statutory Transfer stands at N496,528,471,273; recurrent Expenditure of N5,641,970,060,680 and Gross Domestic Product, GDP growth rate of 3.00 Percent.
Across the states also, most of governments voted more funds for capital than recurrent expenditure, suggesting that a number of projects may get completed or come on stream.
Lagos State budgeted the highest with over N1 trillion, while Yobe had the lowest with N106.9bn. By region, South West leads with N2.16tr, followed by South South with N2.02tr; North West N1.328tr, North East N931.4bn, South East N914.4bn, and North Central N804.2bn.
In Abia, Governor Okezie Ikpeazu signed a budget N131.8bn, with N69.1bn (52.49%) voted for capital expenditure, and N62.6bn (47.51%) on recurrent expenditure.
In Adamawa, Gov. Ahmadu Fintiri signed N140bn budget, with 52% for capital expenditure and 48% for recurrent expenditure.
In Akwa Ibom, Governor Udom Emmanuel signed N456.2bn budget. The lawmakers added N6.1bn to the proposed N158.4bn recurrent allocation and N14.4bn to the N226.9bn capital expenditure.
In Anambra, Governor Willie Obiano signed a budget of N143.7bn, where N86.86bn was voted for capital expenditure N56.77bn recurrent expenditure, representing 60.5% and 39.5% respectively.
In Bauchi, Governor Bala Mohammed N213.9bn. out of this, N93.1bn (44%) for recurrent expenditure. N120.7bn (56%) for capital expenditure.
In Bayelsa, Governor Douye Diri voted N290.2bn for 2021. Recurrent would gulp N66.6bn, while capital expenditure would take N80.bn.
In Benue, Governor Samuel Ortom presented a budget of N134bn. Capital expenditure will take N41.7bn, while the rest goes to recurrent.
In Borno, Governor Babagana Zulum voted N208.7bn for 2021. The recurrent expenditure proposal stood at N72.7bn, while capital expenditures would gulp N135.2bn.
In Cross River, Governor Ben Ayade signed N281.7bn, He said recurrent expenditure takes up 69% of the budget and capital expenditure, 31%.
In Delta, Governor Ifeanyi Okowa signed N383bn, with N210bn capital expenditure and N173bn recurrent expenditure
In Ebonyi, Governor David Umahi signed N123bn. Recurrent expenditure is put at N49.1bn and capital spending projection of N74bn.
In Edo, Governor Godwin Obaseki signed N164.7bn. It was made up of N94.8b recurrent expenditure and N58.6bn capital expenditure.
In Ekiti, Governor Kayode Fayemi signed N109bn. N57.9bn (53%) is for recurrent and N51.6bn (47%) for Capital Expenditure.
In Enugu, Governor Ifeanyi Ugwuanyi signed N169.8bn, with N101.1bn (60%) for capital expenditure while N68.7bn (40%) recurrent.
In Gombe, Gov Muhammadu Inuwa Yahaya signed N120.3bn. N57,635,301,626.00 for recurrent or 48.2%, N62,028,555.000.00 as capital budget representing 51.8%
In Imo, Governor Hope Uzodinma presented N346.16bn. N74.66bn recurrent expenditure and N271.52bn capital expenditure.
In Jigawa, Governor Muhammad Badaru signed N156.58bn. N78.346bn for recurrent expenditures, while N78.241bn for capital investments
In Kaduna, Governor Nasir El-Rufai signed N246bn. 66% for capital, 34% recurrent
In Kano, Governor Abdullahi Ganduje signed N177.9bn with recurrent 47% capital 53%
In Katsina, Governor Aminu Bello Masari signed N286.6bn. N86.4bn (30%) of the budget and a capital expenditure of N196.1bn (70 %).
In Kebbi, Governor Abubakar Atiku Bagudu signed N141.6bn, with N92.2bn as capital expenditure while N49.5bn was for recurrent expenditure, representing 65% and 35% respectively.
In Kogi, Governor Yahaya Bello voted N130.5bn divided into the recurrent expenditure of N70.04bn representing N56.72% and capital expenditure of N56.49bn representing N43.28%.
In Kwara, Governor Abdulrahman Abdulrazaq N123bn. The budget is 54% recurrent expenditure and 46% capital expenditure.
In Lagos, Babajide Sanwo-Olu budgeted N1.163 trillion. The budget earmarked the sums of N703.23bn for capital expenditure and N451.75bn for recurrent expenditure.
In Nasarawa, Governor AA Sule signed N115.7bn. Recurrent expenditure took N53.8bn (46.5 %) leaving N54.8bn (47.5%) capital projects.
In Niger, Governor Abubakar Bello signed N153.4bn budget. N72.5bn as recurrent expenditure and capital stood at N80.8bn
In Ogun, Governor Dapo Abiodun voted N339bn. A sum of N146.529bn for recurrent expenditure, while N171.898bn was allocated for capital expenditure
In Ondo, Governor Rotimi Akeredolu signed N174bn. N79.084bn (45.2%) is for Recurrent Expenditure while N69.915bn (40%) for Capital Expenditure.
In Osun, Governor Adegboyega Oyetola signed N109bn, with N50.6bn for recurrent expenditure and N59.2bn for Capital Expenditure.
In Oyo, Governor Seyi Makinde presented N266.6bn but it was jerked up to N273bn by lawmakers. The addition has stalled the signing of the budget
In Plateau, Governor Simon Lalong signed N147.6bn. It allocated 61% to recurrent expenditure and 39% to capital expenditure.
In Rivers, Governor Nyesom Wike signed N448.6bn with N305.89bn budgeted for capital expenditure, while N142.78bn is earmarked as recurrent expenditure.
In Sokoto, Governor Aminu Tambuwal signed N176.7bn. It allocated 54% for capital expenditure, translating to N95.5bn; while the remaining 46% (N81.2bn) for recurrent expenditure.
In Taraba, Governor Darius Ishaku signed N141.6bn. Recurrent expenditure stood at N82.9bn, while capital expenditure would gulp N56.5bn.
In Yobe, Governor Mai Mala Buni signed N106.9bn budget for 2021, with N63.18bn (59.5%) recurrent expenditure and N43.81bn (40.95%) capital expenditure.
In Zamfara, Governor Bello Matawalle signed N142.7bn. The recurrent expenditure is N63.1bn, while the capital expenditure is N79.6bn.
